India Commercial Fixed Wing Aircraft Landing Gear MRO Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Gear Type and Activity

The India commercial fixed wing aircraft landing gear MRO market is expected to grow from US$ to US$ 139.22 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2022 to 2028.

The Government of India in collaboration with the Airport Authority of India (AAI) has been working to boost the country’s aviation economy by launching several supportive policies and initiatives to bring international aviation industry vendors in the Indian market. The Government of India has already launched several policies under the Make in India program with a goal of transforming the country into an aerospace manufacturing hub which will further boost the India commercial fixed wing aircraft landing gear MRO market growth. In February 2022, the AAI announced that it has identified eight airports in India to promote MRO activities for aircraft and aviation equipment. Through such initiatives, the AAI has enabled a business-friendly ecosystem that will allow zero loyalty charges and significantly reduce land rental charges across the eight airports [Begumpet (Hyderabad), Bhopal, Chandigarh, Chennai, Delhi, Juhu (Mumbai), Kolkata, and Tirupati]. In 2019, the Ministry of Civil Aviation of India announced its vision to make India a global aviation MRO hub by the end of 2040 by catering to nearly 90% of domestic carrier demands within the country’s border. This vision aims to mandate a minimum of 20% of the Indian MRO revenues from the internationally registered aircraft fleet. This vision also aims to achieve around 90% of the re-delivery of retired aircraft models within the country. Such initiatives are likely to generate tremendous opportunities for India commercial fixed wing aircraft landing gear MRO market expansion during the forecast period and further.

Furthermore, the MRO sector is still at its growing phase in India. Several smaller companies operate in the country to provide maintenance services to various airlines across the country. Apart from the market players such as Tentacle Aerologistix Pvt Ltd, AI Engineering services Ltd, AAR Indamer Technics Pvt Ltd, Interglobe Aviation Ltd, Haveus Aerotech India Pvt Ltd, Air Works India (Engineering) Pvt Ltd, Horizon Aerospace Pvt Ltd, and Aerotek Sika Aviation Engineering Pvt Ltd, there are other vendors that are operating in India commercial fixed wing aircraft landing gear MRO market. Although these vendors currently do not cater in the landing gear MRO segment, they are expected to establish their expertise into commercial aircraft landing gear MRO division of the Indian aviation MRO sector as the Indian aviation market grows at a notable rate globally. Moreover, the increasing interest of foreign companies to invest in the Indian MRO sector for catering the growing aircraft fleet of the country is acting as one of the major trends leading to attract more Indian aviation MRO vendors to collaborate with them and establish their presence in the India commercial fixed wing aircraft landing gear MRO market.

GMR Aero Technic (GAT), Max Pro Services Pvt Ltd, and Deccan Charter Pvt Ltd are among the vendors that have major presence in the aviation MRO segment in India; however, these companies do not have landing gear MRO segment for commercial aircraft customers. Therefore, as the Indian commercial aircraft fleet (including narrow body and wide body aircraft) is expected to grow at a remarkable rate in the years to come, existing domestic MRO companies will venture into the commercial fixed wing landing gear MRO segment, which would eventually propel the India commercial fixed wing aircraft landing gear MRO market size.

Tentacle Aerologistix Pvt Ltd, AI Engineering Services Ltd, AAR Indamer Technics Pvt Ltd, Interglobe Aviation Ltd, Haveus Aerotech India Pvt Ltd, Air Works India (Engineering) Pvt Ltd, Horizon Aerospace Pvt Ltd, and Aerotek Sika Aviation Engineering Pvt Ltd are among the leading players in the India commercial fixed wing aircraft landing gear MRO market. These companies are engaged in providing a wide range of aircraft MRO services, including landing gear MRO, to different airline customers across the country to provide them full support during periodic checks and maintenance, repair, and overhaul operations, thus boosting the growth of India commercial fixed wing aircraft landing gear MRO market size. These market players mainly focus on product and service enhancements by integrating advanced features and technologies into their offerings. For instance, in 2022, HaveUs Aerotech India Pvt Ltd opened India's ULD containers assembly cum MRO support center in Gurugram. Similarly, in 2020, Indigo and BIAL partnered to set-up a maintenance facility at Kempegowda International Airport. Thus, such developments from the above-mentioned players will further fuel the India commercial fixed wing aircraft landing gear MRO market growth.

The India commercial fixed wing aircraft landing gear MRO market is segmented into gear type and activity. By gear type, the India commercial fixed wing aircraft landing gear MRO market is segmented into nose gear and main gear. By activity, the India commercial fixed wing aircraft landing gear MRO market is bifurcated into single overhaul and non-destructive testing.

Impact of COVID-19 Pandemic on India Commercial Fixed Wing Aircraft Landing Gear MRO Market

The COVID-19 has severally affected the aviation industry. Most of the component manufacturers, MRO service providers, and aircraft hangars were closed due to temporary lockdown across the country. This was also followed by a supply chain disruption in the Indian aviation industry along with global supply chain disruption. Such factors drastically impacted the businesses of India commercial fixed wing aircraft landing gear MRO market players.

However, in March 2022, the Civil Aviation Ministry of India announced the resuming of regular international flights from March 27, 2022. As the aviation sector restrictions started to ease down, the awareness for ensuring the aircraft fleet efficiency through rechecking the reliability of aircraft components began picking pace. This also generated sudden demand for MRO operations for grounded aircraft fleet that have already missed out several scheduled MRO operations since the past two years. Moreover, the new demand for commercial aircraft MRO in the country has been helping the India commercial fixed wing aircraft landing gear MRO market players to recover some of the portion from the US$ 2.3 billion losses caused during the COVID-19 pandemic.